Turning Rolls Market size was valued at USD 400 Million in 2024 and is projected to reach USD 600 Million by 2033, exhibiting a CAGR of 5% from 2026 to 2033.
The Turning Rolls Market in South Korea is experiencing significant growth, driven by the nation's robust industrial sectors and technological advancements. With the country's hot rolled steel production reaching approximately 21.8 million metric tons as of April 2024, the demand for efficient welding and fabrication equipment, such as turning rolls, has escalated.
Turning rolls, essential for rotating cylindrical workpieces during welding or assembly, are categorized based on their functionality and capacity:
Conventional Turning Rolls: Utilize friction between the drive wheel and the workpiece, suitable for lighter loads.
Self-Aligning Turning Rolls: Automatically adjust to the workpiece diameter, ideal for varying sizes and reducing setup time.
Heavy-Duty Turning Rolls: Designed for large-scale industrial applications, capable of handling substantial weights.
Industries such as shipbuilding, pressure vessel manufacturing, and wind tower production are primary consumers of turning rolls in South Korea. The nation's emphasis on renewable energy and infrastructure development has further amplified the need for advanced welding solutions.
Moreover, South Korea's commitment to Industry 4.0 has led to the integration of automation and smart technologies in manufacturing processes. The government's investment of approximately USD 160 billion under the "Korean New Deal" aims to enhance digital infrastructure, promoting the adoption of automated systems, including turning rolls equipped with IoT and AI capabilities.
From personal experience, collaborating with South Korean manufacturers reveals a preference for equipment that combines precision, durability, and technological integration. The local market values machinery that not only meets international standards but also aligns with the nation's push towards smart manufacturing.
In conclusion, the South Korean turning rolls market is poised for continued growth, supported by industrial demands and technological advancements. Manufacturers and suppliers aiming to enter this market should focus on innovation, compliance with local standards, and understanding the specific needs of South Korea's dynamic industrial landscape.
Get an In-Depth Research Analysis of the South Korea Turning Rolls Market Size And Forecast [2025-2032]
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Koike Aronson Ransome
LJ Welding Automation
PrestonEastin
Pandjiris
WEBB Corporation
HANSUNG
Baileigh Industrial Holdings LLC
IRCO Automation
All-Fab Corp.
MATSUMOTO KIKAI
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Turning Rolls Market
Fixed Turning Rolls
Adjustable Turning Rolls
Pneumatic Turning Rolls
Hydraulic Turning Rolls
Light Duty (up to 5 tons)
Medium Duty (5 to 15 tons)
Heavy Duty (15 to 30 tons)
Extra Heavy Duty (above 30 tons)
Aerospace
Shipbuilding
Construction
Automotive
Energy and Utilities
Manufacturing
Welding
Fabrication
Inspection
Maintenance and Repair
Direct Sales
Online Retailers
Industrial Distributors
Authorized Dealers
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Turning Rolls Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Turning Rolls Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Turning Rolls Market, By Type
6. South Korea Turning Rolls Market, By Application
7. South Korea Turning Rolls Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Turning Rolls Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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